1274.HK

Autonomous driving technology company iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) announced its shares have been included in Stock Connect programs making them available to traders in Shanghai and Shenzhen from Sept. 10. The stock surged as much as 40% after the announcement, but later gave back most of the gains and closed up 4.3% in Wednesday trade.

iMotion ‘s shares have been volatile since their listing at the end of last year. The stock reached a high of HK$115.60 in April, nearly three times its listing price. But it fell sharply after that and is now down 75% from its high.

By Lau Chi Hang

To subscribe to Bamboo Works free weekly newsletter, click here

Recent Articles

BRIEF: WH Group to sell down Smithfield stake

Pork producer WH Group Ltd. (0288.HK) announced on Wednesday that its wholly owned SFDS UK Smithfield unit will sell 16 million shares of its U.S.-based Smithfield Foods Inc. (SFD.US) subsidiary…
Noah does wealth management

Noah finds second life in overseas voyage

The wealth manager’s international businesses drove it back to revenue growth in the second quarter as challenges continued to linger at home Key Takeaways: Noah Holdings’ overseas revenue increased about…